In order to pool their synergies and enrich their technological experiences and further promote their bilateral relations, Opec Fund Member States the United Arab Emirates and Algeria have embarked on two separate multi-million dollar independent power projects to be constructed in the latter country.

DATELINE: WASHINGTON
The Overseas Private Investment Corp. issued the following press release:
The board of directors of the Overseas Private Investment Corporation (OPIC) today approved up to $200 million in financing for a desalination project in Algeria that will supply urgently needed potable water to 25 percent of its capital city's population.